Hainan Airlines (HNA) is expected to take a 48.21% stake in subsidiary Tianjin Airlines, paving the way for all its subsidiaries to be listed as a whole entity. According to an HNA statement released by Shanghai Stock Exchange, the Haikou-based carrier would circulate nonpublic 6.59 billion shares to collect CNY24 billion ($3.9 billion) to become a controlling stakeholder as well as fund a fleet expansion. HNA has previously stated it would purchase the stakes of all its airline ...

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